World Bank, IMF to assess Sebi's regulatory framework

Move to help market regulator align closer to global standards, get feedback on current functioning

The Securities and Exchange Board of India (Sebi) will go through a third-party assessment of its regulatory framework by the World Bank and the IMF this year, an exercise which will help the former align itself closer to global regulatory standards and get feedback on its current functioning.

The assessment will be conducted as part of the Financial Sector Assessment Program (FSAP), a joint programme of the IMF and World Bank established in 1999. The programme analyses the resilience of a country's financial sector, the quality of its regulatory and supervisory framework, and the capacity to manage and resolve financial crises.

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